On May 11, 2023, the FTA announced that when denominating share capital or capital stock in British pounds, euros, U.S. dollars or yen, the foreign exchange rates (sale) of the FCA are to be used for the conversion into Swiss francs.
For the taxable net profit, the average exchange rate of the tax period is to be taken, whereby in the case of tax liability during the year, the average exchange rate of the duration of the tax period during the year applies. For the taxable equity, the exchange rate at the end of the tax period must always be used, even in the case of tax liability during the year.Further information is available here.
